Overview
What is Mmc Residential Corp I Inc?
Mmc Residential Corp I Inc, a subsidiary of Montefiore Medical Center, is a nonprofit entity based in the Bronx, New York. Its primary function involves leasing out a rental building nearby Montefiore Medical Center. This building serves as both housing and auxiliary space for the medical center, supporting its mission to educate, conduct research, and improve health within the communities it serves. Furthermore, Mmc Residential Corp I Inc provides commercial space to Montefiore Medical Center, contributing to the medical center's mission of healing, teaching, discovering, and enhancing the overall health of the community. With a modest workforce of two individuals, this nonprofit organization plays an essential role in supporting the medical center's operations.
Is Mmc Residential Corp I Inc legitimate?
Mmc Residential Corp I Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Mmc Residential Corp I Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,103
For more financial information, click here
What is the mission statement of Mmc Residential Corp I Inc?
Mmc Residential Corp I Inc supports Montefiore Medical Center's mission by providing commercial space. This corporation's primary objective is to aid the medical center in its mission to heal, teach, discover, and advance the health of the communities it serves. By renting out a building for housing and auxiliary space, Mmc Residential Corp I Inc contributes to Montefiore Medical Center's educational and research efforts, furthering their commitment to community health.
Who is the CEO of Mmc Residential Corp I Inc?
Unavailable
What is the revenue of Mmc Residential Corp I Inc?
Mmc Residential Corp I Inc's revenue in 2023 was $3,201,229.
Who are the executives of Mmc Residential Corp I Inc and what are their salaries?
The average compensation at Mmc Residential Corp I Inc during 2023 was $112,052. There are 2 employees at Mmc Residential Corp I Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $1,857,333
- Other: $41,124
- Compensation: $0
- Related: $1,085,621
- Other: $262,210
- Compensation: $0
- Related: $1,100,550
- Other: $47,264
Where can I find the form 990 for Mmc Residential Corp I Inc?
Mmc Residential Corp I Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mmc Residential Corp I Inc
Mmc Residential Corp I Inc, a subsidiary of Montefiore Medical Center, operates a rental building with a unique mission. This corporation provides commercial rental space to Montefiore Medical Center, furthering the medical center's goal of advancing the health of the communities it serves. Mmc Residential Corp I Inc plays a crucial role in supporting Montefiore Medical Center's mission to heal, teach, discover, and advance health. The building they own and operate is utilized by the medical center for housing and auxiliary purposes, aiding in their pursuit of educating future healthcare professionals and improving the well-being of their community.
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Impact
October, 2024
Mmc Residential Corp I Inc significantly contributes to community health and well-being by providing essential commercial space to Montefiore Medical Center. By owning and operating a rental building in proximity to the medical center, it facilitates housing and auxiliary spaces vital for the center’s operations. This arrangement supports Montefiore’s mission to heal, teach, discover, and enhance the health of the communities it serves, ensuring that critical healthcare services and educational initiatives are readily accessible. The impact of Mmc Residential Corp I Inc extends beyond mere physical space; it plays a vital role in promoting medical advancements and community health initiatives within the Bronx, NY.
This information is meant to be a general summary of Mmc Residential Corp I Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $3,153,098
- Gross Receipts: $3,201,229
Assets and Liabilities:
- Total Assets: $12,243,911
- Total Liabilities: $313,448
- Net Assets: $11,930,463
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,153,098
Organization Details
Founding Year
1995
Phone
(914) 349-8474Main Address
3411 WAYNE AVENUE, BRONX, NY, 104672401
NTEE Category
Code: L99 - Housing
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